| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1143482 | Operations Research Letters | 2008 | 5 Pages |
Abstract
We study a system where the service provider offers priority options. We identify the optimal option pricing policy, by deriving the optimal number a customer would buy and the customer’s exercise policy as a function of system congestion, options remaining, time to expiration and possibility of balking.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Antonios Printezis, Apostolos Burnetas,